Loading
27-May-2010 12:16 PM

Aegean Airlines revenue up 3%, reports losses in 1Q2010

Aegean Airlines revenue up 3% - financial highlights for the three months ended 31-Mar-2010:

  • Revenue: EUR114.8 million, +3% year-on-year;
  • EBITDAR (loss): (EUR9.3 million), compared with a profit of EUR15.3 million in p-c-p;
  • EBITDA (loss0: (EUR26.2 million), compared with a profit of EUR2.7 million in p-c-p;
  • Profit (loss) before tax: (EUR32.8 million), compared with a profit of EUR6.4 million in p-c-p;
  • Net profit (loss): (EUR25.6 million), compared with a profit of EUR4.6 million in p-c-p;
  • Passenger numbers: 1.3 million, +17%;
  • Load factor: 62%, +5.9 ppts. [more]

Aegean Airlines: "The current crisis requires immediate response. Having secured the qualitative advantages and the critical alliances for a successful future path, it is now critical to focus on managing all the elements of our company's costs in relation to capacity, network and fleet. It is going to be a challenging path but we are confident that we have the resources and elements to be successful," Dimitris Gerogiannis, Managing Director. Source: Aegean Airlines.

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More